Certifications

Certifications

Purpose

Advance CMTA’s mission to educate treasury and public agency officials by promoting educational programs that provide a consistent, standardized and common body of knowledge.

Primary Objectives

  1. Provide public agency officials with the knowledge, skills and abilities to be good stewards of public funds;
  2. Professionalize the management and oversight of public funds;
  3. Promote and enhance the fiduciary responsibility and ethics of those responsible for the oversight and management of public funds;
  4. Position CMTA as a national thought leader in the education of treasury and public agency officials.

Distinct Audiences

CMTA offers options to meet the needs of two distinct audiences: Individuals who are not directly responsible for the management/oversight of public funds (CTC); and individuals who are directly responsible for the management and oversight of public funds (CCMT). See Frequently Asked Questions to help you understand the program!

California Treasury Certificate (CTC)

Description

Individuals completing the CTC will gain a broad understanding of the financial markets and be equipped to work with decision makers responsible for overseeing and/or supporting the management of public funds.

Target Audience

Pension oversight committees; finance department support staff; elected officials without direct responsibility for investment portfolios; audit and finance committees.

Requirements

Complete all of the following within 6 months of enrollment:

CMTA Fees

$25 - CMTA Registration/Application Fee. Due when the application is submitted. Payable to CMTA.

CFA Institute Investment Foundations™

FREE - Investment Foundations program must be completed within 180 days of registration. Learn More

4 Hours of CMTA Training

$80* - CMTA Specialized Training (4 Hours). *Approximation, costs vary.

Maintenance & Continuing Education Requirements

None

 

California Treasury Certification Application

 


INVESTMENT FOUNDATION REGISTRATION

Access the CFA Institute Investment Foundations™ discount webpage where you will be prompted to Login or Create an Account (if you do not already have a CFA Institute account).

Once logged in, you will enter the form fields:

  • Phone Number
  • Email Address
Upon submission of the form, your discount will be applied within 48 hours, and you will receive a notification email from info@cfainstitute.org which will confirm your discount and give you instructions for the next steps in registering.

 

Candidate Registration

Your discount confirmation email will include a link to the CFA Institute Investment Foundations™ Registration Page where you will proceed through registration.

Note that your registration fee should reflect the USD200 price. If this pricing is not reflected, please reach out to client@cfainstitute.org before proceeding with registration.

Certified California Municipal Treasurer (CCMT)

Description

Individuals obtaining the CCMT designation will gain in-depth knowledge and understanding of fixed income markets and securities. In addition, they will learn best practices for investing and managing public funds.

Target Audience

Finance and treasury personnel responsible for the management and direct oversight of fixed income portfolios.

Prerequisites
  • Bachelor's Degree in a related field of study and a minimum of two (2) years of treasury, finance, or investment-specific experience, or
  • Six (6) years of treasury, finance or investment-specific experience.
Requirements

Complete all of the following by December 31, 2020:

CMTA Fees

$25 - CMTA Registration/Application Fee. Due when the application is submitted. Payable to CMTA.

CFA Institute Investment Foundations™

FREE - Investment Foundations program must be completed within 180 days of registration. Learn More

Fixed Income Academy Bond School

$500 - Fixed Income Academy Bond School - Special Pricing for CMTA Members effective March 2020.
Enroll

If you have any questions contact Fixed Income Academy (FIA) at ask@fixedincomeacademy.com or 800-243-5097.

8 Hours of CMTA Training

$160* - CMTA Specialized Training (8 Hours). *Approximation, costs vary.

Education Methods

The curriculum offered by CMTA’s education partners, CFA Institute and Fixed Income Academy, is self-study and primarily offered online. The final exam for the Claritas Program is offered at testing centers conveniently located throughout the state. CMTA’s specialized content will be offered throughout the year at conferences and educational workshops as well as online via webinars. Both the CFA Institute and Fixed Income Academy belong to the NASBA registry of CPE sponsors and offer CPE eligible credits for CPAs in most states.

Maintenance & Continuing Education Requirements

To maintain the CCMT designation, individuals must agree to stay abreast of current trends and developments in local, regional, and national markets. To this end, they must complete a total of 20 continuing professional education (CPE) credit hours per year.

Designations shall be renewed every two years; a minimal application fee will apply.

All 20 eligible credit hours may be earned by attending conferences, workshops, and webinars offered by the following industry groups:

  • California Municipal Treasurers Association (CMTA)
  • California Debt and Investment Advisory Commission (CDIAC)
  • Government Investment Officers Association (GIOA)
  • Association of Public Treasurers of United States & Canada (APTUS&C)

 

A combined total of 10 CPE credit hours may be earned from the following industry groups by attending investment or treasury related sessions

  • California Assn County Treasurers and Tax Collectors (CACTTC)
  • California Society Municipal Finance Officers (CSMFO)
  • Government Finance Officers Association (GFOA)

 

Other eligible sponsors of CPE credits listed on the National Association of State Boards of Accountancy (NASBA) registry offering investment or treasury related sessions, limited to a total of 10 CPE units per year.

 

Certified California Municipal Treasurer Application

CMTA Investment Policy Certification Program and Application Process

Developed by the California Municipal Treasurers Association (CMTA) with support from the California Debt and Investment Advisory Commission (CDIAC).

Thank you for your interest in the California Municipal Treasurers Association (CMTA) Investment Policy Certification Program. This program has been developed with support from the California Debt and Investment Advisory Commission (CDIAC)1.

The CMTA Investment Policy Certification Program provides professional guidance and assistance in developing and/or improving investment policies that meets industry best practices for California’s public sector agencies and districts.


The program fee is $175 for a participating CMTA member or $270 for a non-CMTA member.  A non-member fee includes a new membership to CMTA.  Policies that did not meet the criteria with a score of 85 or above can re-submit for no additional charges if done within 90 days of notification.   

Payment can be made in one of two ways:  
1) Once you submit your application and policy via email, CMTA will send a link to a payment portal that will allow you to input your credit card information.  
2) Call CMTA at 916-231-2144 to provide your credit card information or make arrangements to send a check.


Policy Certification Program and Application


The benefits of having your Investment Policy Certified by the California Municipal Treasurers Association are:

  • Trust, confidence and verification to your Governing Body that your policy has been reviewed and certified by a professional organization within California
  • Your policy has been reviewed by fellow CMTA members, many of which have earned the Certified California Municipal Treasurers (CCMT) designation.
  • To show transparency of your Governing Body to the public
  • To demonstrate that due diligence was performed on your Investment Policy
  • California Government Code sections are included (cited) in policy
  • Assist to satisfy auditors when reviewing your Investment Policy
  • Eighteen areas of Investment Policies are addressed: Scope, Prudence, Objective, Delegation of Authority, Ethics and Conflicts of Interest, Authorized Financial Dealers and Institutions, Authorized and Suitable Investments, Review of Investment Portfolio, Investment Pools/Mutual Funds, Collateralization, Safekeeping and Custody, Diversification, Maximum Maturities, Internal Controls, Performance Standards, Reporting, Investment Policy Adoption and Glossary

Terms and Conditions
 California agencies/districts may submit their application via email to the CMTA Investment Policy Certification Committee for review.   The policy will be reviewed by three CMTA members to determine if the Agency/District’s policy  has met investment policy standards and criteria set forth by CMTA. Those local agencies that have met CMTA’s Investment Policy criteria with a passing score of 85 out of 100 will receive CMTA’s Investment Policy Certification, along with the three evaluations for any additional feedback.   For those policies that did not meet the criteria with a score that is below 85 will receive the three evaluations with feedback and will have the opportunity to re-submit their policy within 90 days for no additional fee.  

 

Questions?
If you are interested in becoming an Investment Policy Evaluator, please contact Shaun Farrell at sfarrell@ci.galt.ca.us.

 

California Government Code |  Local Agency Investment Guide

California Municipal Treasurers Association
700 R Street, Suite 200
Sacramento, CA. 95811
P: 916-231-2144
F: 916-231-2141